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On April 1, 2023, Baker Construction, Inc. signed a note for a loan from its bank. The following are the terms and other information pertaining
On April 1, 2023, Baker Construction, Inc. signed a note for a loan from its bank. The following are the terms and other information pertaining to the loan: The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. Cash Note Payable Interest Payable Interest Expense Use the forms on Tab 7-7 in the Excel file workbook Chapter 07c - Problem 7-1 to 7.8 Forms to complete this problem. Requirement 1 Prepare the April 1, 2023 General Journal entry to record getting the loan from the bank. Requirement 2 Prepare the April 30, 2023 General Journal adjusting entry to accrue the interest owed to the bank for the month of April. Requirement 3 Prebare the Mav 31. 2023 General Journal adiustina entrv to accrue the interest owed to the
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